Beijing's Oakajee rethink as review will further delay $5.9bn project
by: Andrew Burrell From: The Australian November 15, 2011 12:00AM
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CHINA'S $US400 billion sovereign wealth fund, China Investment Corp, has launched an in-depth review into whether Beijing should rescue the troubled Oakajee port and rail project in Western Australia's Mid-West or walk away from the region altogether.
In a highly unusual move, China's peak economic planning body, the National Development and Reform Commission, has ordered the CIC to conduct due diligence on the planned $5.9bn infrastructure project.
